African Barrick says on track to meet 2013 targets

LONDON, April 18 (Reuters) - Miner African Barrick Gold
, which is reviewing its operations after a failed sale
attempt, said it was on track to meet its production 2013
targets after posting quarterly output within its cost guidance
range.

The company said on Thursday that in the first three months
of the year it produced 146,105 ounces of gold at a cash cost
per ounce of $931.

It said in February that production this year will be in the
range of 540,000 to 600,000 ounces, shrinking for a fifth
straight year, and produced at a cost of between $925 and $975
per ounce.

The Tanzania-focused FTSE 250 company is reviewing its
operations, a process initiated in the wake of parent Barrick
Gold's failed attempt to sell the firm. It said on
Thursday it would provide a further update on the review at the
time of its interim results.